the US Securities and Exchange Commission (SEC). In fact, the company is looking to continue its growth path. In particular, the UK, India and Canada are the areas of interest for this expansion.

The company is currently looking for new positions due to its presence in different countries around the world. Although previous appointments have led to rumors of an initial public offering for Ripple, the company has expressed skepticism. Currently, the SEC test is the most important development Ripple Labs is facing this year.

Also Read: Ripple: 5 Reasons Why XRP Will Still Rise in 2024

Ripple Labs is looking to expand globally in India, UK and Canada.

Almost a month into the new year and XRP has yet to live up to expectations. However, the asset’s performance potential this year is undeniable. Subsequently, with a flurry of legal proceedings facing the company, it has maintained its focus on an international presence.

In fact, Ripple has continued its global expansion amid the ongoing SEC lawsuit. In particular, Ripple Labs used X (formerly Twitter) to announce the hiring of a number of new positions. Among them, Ripple is looking for a Senior Product Manager, DeFi for its London development, a Senior Software Engineer for its Bangalore development and a Senior Software Engineer for its Toronto development.

Also Read: Ripple: When Can XRP Reach $394-$594 Range?

This follows a recent recruitment drive that took place in September 2023. Then, they added over 55 people in many areas including corporate development, engineering, global operations, and many others. Overall, it pointed to a continued focus on growth outside the United States. Especially since ongoing lawsuits with US regulators have threatened its growth prospects in the country.

After a strong hiring spree, the company began searching for a Senior Director of Stakeholder Communications. After that, many began to question whether it was before it filed for an initial public offering. However, Ripple CEO Brad Garlinghouse indicated that going public is not an immediate priority for the company.

On the contrary, this global expansion effort comes just months before its scheduled trial against the SEC. In 2023, the regulator suffered significant losses in its multi-year legal battle. Among these was the court’s decision that the sale of XRP in the secondary market was not an investment contract. Garlinghouse and chief executive Chris Larson have since been cleared of charges brought against them by the regulator.